New IMF Chief Being Investigated

Well, that took long:

A French court on Thursday ordered an investigation into new IMF chief Christine Lagarde's role in a much-criticized $400-million arbitration deal in favour of a controversial tycoon.

Ms. Lagarde was France's finance minister when magnate Bernard Tapie won a settlement in 2008 with a French state-owned bank over the mishandled sale of sportswear maker Adidas in the 1990s.

In a sane world, between Strauss-Kahn and Lagarde, the IMF's international credibility would be a joke. However, in our Neocon hell we refer to as the West, this is of course clearly not the case.

http://www.theglobeandmail.com/news/world/europe/court-orders-probe-of-imf-chief-lagardes-conduct-as-french-finance-minister/article2119378/